Sarah Palin, on Monday, claiming to be (in her words) a "normal Joe Six-pack American":
Palin said if she and John McCain win, they will "put government back on the side of the people of Joe Six-pack like me."
Palin said she and her husband, Todd, have been affected by the economic downturn.
"The relatively low number of investments that we have, looking at the hit that we're taking, probably $20,000 last week in his 401(k) plan that was hit. I'm thinking, geez, the rest of America, they're facing the exact same thing that we are," she said.
Note that in 2002 (the most recent year for which I could find data), the median household net worth -- excluding home values -- was $10,500. Palin lost twice that amount in one week alone. And she thinks that her financial situation is typical normal?
"I know what Americans are going through," she said a day after a record 778-point plunge on Wall Street. "Todd and I, heck, we're going through that right now even as we speak, which may put me again kind of on the outs of those Washington elite who don't like the idea of just an everyday, working-class American running for such an office."
Palin makes $125,000 yearly as governor, and her husband makes about $90,000 a year combined from his commercial fishing business and his part-time job as a production operator on the North Slope.
Palin said her husband's 401(k) retirement account lost probably $20,000 in the last week as the market dropped.
According to the most recent state financial disclosure forms, filed March 10, 2008, the Palins had about $164,699 in a private investment account and $198,102 in a separate retirement account.
I don't mind the idea of rich people running for office. Heck, Barack Obama is rich. But don't tell me your financial situation is typical when it's not.
The scary thing is that Palin might not be lying. Instead, she may actually think that having $365K invested in the stock market is typical, and she might actually think that losing $20K is just having a bad week.
There's a lot of people who'd love to have $20K to lose.